Chairpersons of All Three State-Owned Banks Resign Following Government Directive to Remove Political Appointees
Summary
Chairpersons of Nepal's three state-owned banks resigned following the government's directive to remove politically appointed officials from public institutions. The entire board of Rastriya Banijya Bank also stepped down.
Key Points
- Chairpersons of Agricultural Development Bank, Rastriya Banijya Bank, and Nepal Bank Limited resigned following government directive.
- The entire board of directors of Rastriya Banijya Bank stepped down.
- Officials were summoned to the Finance Ministry to comply with the government’s order.
- The banks have yet to formally inform investors about these leadership changes.
